DeFi Market Rebounds to $50B as Speculators Hunt for Yield

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. All right, let's take a look at the charge of the day. According to D I Lama D's total value locked gained more than $15 billion in six weeks. The total amount of capital locked or staked across all defi protocols reached $50 billion on Tuesday for the first time in six months as the value of underlying assets surged and investors sought to secure yield on their crypto holdings. Ether, the primary asset used across the DFI market has risen by 42% outpacing the whole D I market which increased by 41% transactional volume also rose with more than $5.4 billion changing hands on a single day last month, the most since March looking at Solana. Now the value on some protocols has risen by as much as 100 and 20% as institutional interest in the ecosystem continues to rise. Grayscale, Solana Trust traded at 869% premium last month. That's it for today's chart of the day. I'm Jen Sani. We will see you next time to unpack more of the data behind top news stories.